Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June:
The raw materials price variance for the month is closest to:
A) $33,670 Unfavorable
B) $29,743 Favorable
C) $29,743 Unfavorable
D) $33,670 Favorable

Question

Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.  The company has reported the following actual results for the product for June:
 The raw materials price variance for the month is closest to:
A) $33,670 Unfavorable 
B) $29,743 Favorable 
C) $29,743 Unfavorable 
D) $33,670 Favorable

Quizplus · Accepted Answer

The Answer of Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.  The company has reported the following actual results for the product for June:
 The raw materials price variance for the month is closest to:
A) $33,670 Unfavorable 
B) $29,743 Favorable 
C) $29,743 Unfavorable 
D) $33,670 Favorable

Pippin Incorporated Has Provided the Following Data Concerning One of the Products